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%, which meant it was getting broad support from all sectors of the economy. i did make a mistake, which was turning it over to iraqi politicians. i should have turned it over to judges, people who did not have a political ax to grind. on the army, there was no question it was the right thing to do not to recall the army. we should have not said it was disbanding it. the pentagon said it would be self-demobilized. it would have been a big mistake to have called the army back. it would have led to the break up iraq. the kurds were very clear they would secede. when we did try to bring back a single battalion in april 2004, it went immediately over to the insurgency and started shooting at americans. it did not work. building the army from the bottom up -- a new army from the bottom up -- was the right path. today, the iraqi army is the most respected institution in the country. >> when you look back your tenure in baghdad, it was a difficult time. are you proud of what you did? >> i am satisfied. proud is probably going to far. i think that the 3000 civilians who work in the cpa from 25 d
schoolers? the right answer later in the grapevine. up next, the state of the u.s. economy. what are the chances of another recession here? for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over 75...(uncontrollable laughter). what are you doing there? stop making me laugh. vo: geico. saving people money for over seventy-five years. gecko: don't look at me. don't look at me. by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> bret: no major changes on the horizon in how the federal reserve is dealing with the economy. while fed chief bernanke says things are getting better not eve
at the hp pavilion ahead of tomorrow's slate of games. >> the fans equal a win for san jose's economy. monte francis live in san jose where you spoke to downtown businesses with more on the economic impact. good morning, monte. >> marla, good morning. in 2010, this tournament generated about $20 million for san jose's economy. expectations this time around are just as high. as you said, college basketball fans from across the country flying into san jose for the tournament. hotels, bars, restaurants in downtown san jose are hoping to recover some of the money they lost with nhl lockout this past season. we're told right now many hotels in san jose are fully booked. when it comes to ncaa's impact on the local economy, there is a trickle down effect. the ceo of the san jose silicon valley chamber of commerce says when the hotels are booked, that translates to more revenue for restaurants, bars, and cafes. >> the expectations are always high. obviously the economic impact can vary. i think the numbers we heard from 2010 were about $20 million in economic impact. so whenever you can bring people
setback for chancellor angela merkel, just when she needed a victory with hard-hit eurozone economies contracting and german taxpayers nervous of the cost of bailouts. opposition parties are demanding the chancellor improve her track record. >> the fiscal cliffhanger in cyprus has turned into a major headache for angela merkel in her role as crisis manager. for many on the island, germany as part of the problem, but she points out that the troika is the negotiating partner for any bailout, not germany. >> politically, it is important that cyprus create a sustainable banking sector for the future. their current model is not sustainable. >> merkel also stressed that the eu had requested a levy on private accounts above 100,000 euros and not the 20,000 suggested by cyprus' government, but the german government says the cyprus debacle is covered in angela merkel's fingerprints and she must find a solution. >> the chancellor must make sure that the deal is struck which represents the interests of cyprus and stabilizes the european economic zone. >> but according to mrs. merkel, the ball is
at home, what do we do about our economy so we don't become a cyprus isn't senate passed its first real bottoming proposal in more than four years. but many americans are worried that lawmakers are kicking the can down the road. the majority say they are slightly less nervous about the economy than they were in 2010. an overwhelming number of us think the number-1 challenge to our economy is the continuing, mounting debt. we have a former media spokesperson for george w. bush and a democratic political consultant to hillary clinton for president. mersaides and richard, welcome to both of you. americans are sick of this. look at the debt clock this. thing keeps whizzing up. the debt is mounting. every sunday, i show this. it has gone up another trillions, it seems, theres and multi-millions. mercedes, how do we stop that in its tracks and make it go the other way? >> we can't stop it when you have the budget plan that senator murray has pushed through. 50 of all, because it has such little support from american voters. for example, we saw a poll saying that only 28% of likely voters sup
stand? and israel's minister of the economy is here to answer our questions. >>> plus, mayor michael bloomberg called starbucks ceo ridiculi ridiculist. >>> and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first trip there as president. everything seemed rosey for a little while between him and benjamin netanyahu. >> and just as we have for these past 65 years, the united states is proudo stand with you as your strongest ally and your greatest friend. >> i want to thank you for the investment you have made in our relationship and in strengthening the friendship and alliance between our two countries. >> sounded so perfect. but then -- later in the day things changed. >> iran is a grave threat to israel, a grave threat to the world, a nuclear iran. the united states is committed to dealing with it. >> each country has to make its own decisi
in a trillion dollars. you would still be left with a deficit and you would wreck the economy. martha: interesting lesson. stuart, thanks very much. we'll be watching it throughout the day as i know you will. let's look at bigger picture of europe's debt crisis. five countries needed bailouts from the european central bank and imf. greece, spain, ireland, portugal as stuart mentioned. germany the fifth biggest. great britain at number eight. france with the 9th largest. italy at number ten. they all shrunk in the last quarter of last year. europe is basically contracting. the eurozone is losing huge numbers of jobs. a record 19 million people are unemployed. it is a tough picture and one we need to watch closely here at home. bill: sure do. no telling when that thing will get straightened out. >>> more rough water for carnival cruise lines. another disabled ship of vacationers, limping back to port. legend arriving yesterday. a leading senator calling for a passenger bill of rights. what would be in that bill? peter doocy live in washington. what would this bill of rights do, peter? >
. and stay the course. that's the message from the fed chairman ben bernanke today. he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking s
, israelis have put this country at the forefront of the global economy. israelis understand the value of education and have produced ten nobel laureates. israelis understand the power of invention, and your universities educate engineers and inventors. that spirit has led to economic growth and human progress. solar power and electric cars, bandages and prosthetic limbs that save lives, stem cell research and new drugs that treat disease, cell phones and computer technology that change the way people around the world live. so if people want to see the future of the world economy, they should look at tel aviv, home to hundreds of start-ups and research centers. israelis are so active on social media that every day seem to bring a different facebook campaign about where i should give this speech. that innovation is just as important to the relationship between the united states and israel as our security cooperation. our first free trade agreement in the world was reached with israel nearly three decades ago. today the trade between our two countries is at $40 billion every year. more i
shall face a total collapse of the banking system and of the whole economy. >> reporter: such talk may well be brinksmanship. it's not. these people and many more across europe would be forever changed by the events of the past three days. >> woodruff: for a closer look at the crisis in cyprus and why it's captured the attention of europe and the u.s., we turn to jacob kirkegaard, a senior fellow at the peterson institute for international economics. welcome to the program. >> my pleasure. woodruff: why does tiny cyprus, a population just over one million, have europe, the markets, the government so rattled? >> i think there's two main reasons. first of all that europe is still kind of on the edge. it doesn't take much to shatter the sort of recent lull of confidence that you have had in europe in the last couple of months. unfortunately, i think cyprus is one such thing. and the other element is that what happens in cyprus and with respect to the cyprusian banks have a large precedent-setting effect for how europe going forward is going to deal with banking crises in other european co
. >> sreenivasan: the federal reserve stood by its aggressive plan to stimulate the u.s. economy, keeping short-term interest rates at record lows. and it said there are signs the economy is getting stronger. one of those signs-- unemployment-- fell to a four- year low of 7.7% in february. still, the fed predicted it won't reach 6.5% until 2015. the fed and its chairman, ben bernanke, also had words of caution for congress. >> i do believe that long-term fiscal stability is extremely important and i urge congress and the administration, as i always do when i go to testify, to do whatever is necessary to put us on a sustainable fiscal path going forward. but in doing so, i think it's a good idea to pay attention to the impacts in the near term on what is still not a completely satisfactory recovery. >> sreenivasan: congress moved a step closer to advancing a spending bill that would keep the federal government running through september. the senate passed the legislation this afternoon along bipartisan lines. the measure funds the day-to-day operating budgets of every cabinet agency, gives $87 bi
of syrian refugees stream across the border and decimate the economy. >> this is behind us. we have to roll up our sleeves. it will be a bumpy and difficult road. >> for the second time on this trip, the president expressed frustration when a reporter suggested that the u.s. is not doing enough on syria. >> the united states often finds itself in a situation where if it goes in militarily, it's criticized for it. if it doesn't, people say why aren't you doing something militarily? >> president is prodded on by carl levin who called for active approach to take out president bashar assad, from no-fly zone to airstrike. >> it's tragic. it's heart-breaking. the sight of children and women being slaughtered that we have seen so much i think has to compel all of us to say what more can we do? >> king abdullah is also under pressure. since a refugee camp alone is now the fifth largest city in jordan. there is also fear extremists will spread chemical weapons from syria to jordan and israel. abdullah resisted any foreign military intervention and today visibly winced as a reporter asked if it would
newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: today's supreme court arguments pitted a national law against a 2004 arizona voter registration bill. the case explores the extent of state powers against the controversial backdrop of voting restrictions. arizona's proposition 200 requires state residents to provide either a driver's license, passport, birth certificate or physical proof of citizenship before they can vote. but an existing federal law requires only a sworn statement of citizenship on a voter registration form. supporters say the arizona measure cuts down on voter fraud by keeping noncitizens from voting. but opponents argue the la
question. if we can't economy commitment and assurance which i've made publicly to the american people and to you privately that all options remain on the table, including the prospect which the president, charlie, does not want to do of unilaterally using military force to deal with iran's putative nuclear program. >> rose: so therefore the question is do you have any reason to doubt the president that he believes all other options have failed and iran is about to a year from now get a nuclear weapon and the ability to deliver it that he would not act? plunging markets notwithstanding the >> rising oil prices, a threat to american economic recovery, a generational war with iranians, all of that notwithstanding i believe that if it's unmistakably clear and this that the iranians are breaking out to acquire aweapon that this president will, in fact, use military force. it's not my preferreded option. it clouds the whole option of what the end state would be but i believe, yes he will use military force. >> rose: you agree? >> i think so, too. it's not just about the israelis as well. it
contributes to the local economy, $2.3 billion. so, the effect of the furloughs, as a result of sequestration, how do you expect that to play out? >> well, i can tell you that it's impacting my friends, my neighbors, it's impacting families throughout southern illinois. you're looking at people giving up 20% of their pay, and that's going to have a profound impact on the local economy. you know, those people who aren't getting a full week's pay for a full week's work won't be buying new cars. they certainly won't be buying new houses. and they won't be going down and getting that widescreen tv, or maybe going out to eat. >> right. >> and so, that's going to have a ripple effect throughout the economy. i'd like to point out, too, it's not just scott air force base. you know, we have federal prisons, and -- who are facing furloughs. that's a profound impact not only on the economy but also on the safety of those other prison employees. we have the shawnee national forest, the largest national forest in illinois, very significant impact. >> yeah. well -- >> we're losing three air control towers.
point, it can't be at the expense of the economy and jobs. >> here's where both sides may agree. >> is he right that we did not have an immediate crisis. >> we did not have an immediate crisis. >> to borrow from the phrase from the fiscal commission, we're the healthiest looking horse in the blue factory. we see it coming we know it's irrefutably happening. a lot of folks worrying about that blue factory, congressman. the president said that crisis was a concern when he spoke to joe and mika early on. you said had said that was a concern. the president has changed his tone on that. why has he done that? >> well, the debt remains a concern-we've made a significant down payment with the budget control act, with the fiscal cliff deal and now with the sequester which i hope will have a short life. so we've made a significant dent already. but i think the president is facing the priority of growing the economy and jobs, and that's where it should be. half of this year's deficit is attributable to people who are unemployed. if we can get people back to work, paying down the deficit. i
see the economy take off mr. mr. norquist? >> guest: okay, we haven't had trillion dollars spending cuts that we had an agreement by the president of the united states forced on them by the republicans to reduce spending over the next decade by a trillion dollars, so 100 million a year. they haven't started yet and they're just beginning to kick in. this a quest or is an additional $1.2 trillion over the decades to what the republicans want in the state battle we had in 2011, the budget control act was obama needs the debt ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we have sever
stimulus continues to help the economy and lists believe he is likely to say the economy is better than it was weeks ago but he could mention the bailout to point out the risky economic situation. >>> hostess can sell and now a bankruptcy judge approved a deal and they still have to decide on the sale of other hostess brand including devil dogs and ring kings. >>> there is a new report about sugary drinks and where they rank for a health problem in the united states. >>> and we have a colorful celebration in the bay area, stay tuned for more news weather and traffic. . >>> carnival triumph was crippled by an engine fire leaving more than 4,000 people stranded but they will not be back until june 15th which means an extra 10 cruises will be canceled. >>> san francisco attorney wants the federal government to crack down on energy drinks. they are urging the fda to require the amount of caffeine to the put on the label. five deaths have been linked to the drinks and the company that makes the drinks say it is safe. >>> they have linked obesity to sugary drinks and the number comes from the
into the economy, until they see things change substantially. and what they're talking about in terms of substantial change is the unemployment rate going down to 6.5%. the federal reserve, they have regular meetings, they give regular statements on what they're going to do. today was one of those regular meetings that was scheduled. we were not expecting a change in rates. obviously with rates as low as they are, the only option will to be raise rates and you don't typically raise rates, wolf, unless you're trying to slow an economy down. if you raise rates, it makes it harder, more expensive for people to borrow money. they spend less. they borrow less. we're not at that point right now. so rates are staying exactly where they were, the federal reserve will continue to print and pump $85 billion into the economy. the way they do that, wolf, is they buy bonds back from banks, treasuries and mortgage-backed securities that gives banks more money to lend to businesses, and individuals for their mortgages or for their business expansion, and that puts more money into the economy. they'r
the economy shows stronger signs of growth. for more on what this means for the u.s. economy, let's go to cnbc's karen cho. a rollerer coaster ride the las couple days. >> we're looking for a mixed start. we're expecting to see a bit of a dip out of the gates for the like of the s&p 500 and also the nasdaq. there were gains across the market yesterday. this is exactly what investors are looking to see. the same stimulus train thanks to ben bernanke. we heard that the qe program, $85 billion a month in mortgage and treasury purchase will remain for the foreseeable future. ben bernanke still keeping an eye out for potential negative effects from the policy. but so far he's promised the markets this will continue. in terms of the commentary around the dart, we did see adjustment lower on the growth forecasts. smament, ben bernanke is pointing to the fact that there has been some improvement in the likes of the housing market. the fiscal consolidation thanks to its playing out for the budget, this is going to have an impact in 2013 growth, 2.3% to 2.8% is the number we're looking at. this is down
or the economy. this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons is that it's hard to define what assault weapons is, whether the ten-year ban, the federal ban made a difference. >> so colorado can't pass a ban on semiautomatic assault weapons. do you take that as a sign it's not going to pass in any state? >> well, it's really hard to know. every state is different. but there is a huge question here. lawmakers feel a lot of pressure from gun lobbyists, gun rights groups and this is why the effort is so interesting. he says he's going to spend $12 million to really look at senators that might be persuadable, particularly those with strong gun rights cultures in th
-through with the israelis and a lot of interesting developments on the growing economy here, the technology sector. we will have jeff goldberg and host of "meet the press" in the united states, david gregory and "meet the press" from here, dana weiss. we have a pretty jam-packed show. >> wonderful. andrea mitchell, thanks very much. >>> the white house is work, on shifting over side of its lethal drone program from the cia to the military. according to the "the wall street journal." the move would make the controversial program subject to international law. strikes would be undertaken with the consent of host governments, while many in washington believe the program will be more effective under the cia, the proposal reflects a growing consensus it needs to be on legal, sturdier footing. yesterday the senate kicked off hearings. senators on both sides expressed concerns over privacy. some members are mulling possible federal regulations. the faa estimates 30,000 drones could be flying in the u.s. skies in the next 20 years and richard haass is shaking his head. it's impossible to consider. >> i think t
america's case on a daily basis because he would be's with the economy. so one of the many reasons why he chose her as secretary of state because she knew she could do that for him on a daily basis around the world. that's why i think that she would bring to him accurate reading of where things stood. what she could deliver to him in terms of moving forward in terms of agreement, where the players were when it comes to libya, for example. deliver to him the -- what was needed for him to make the decision. she lost some battles but she certainly influenced a lot of decision. libya being one of them, and asia definitely. >> host: we'll get to libya next. a very interesting scenario and what happened there. but just one last question on the israeli-palestinian conflict. i was covering aipac in 2010 and she spoke there and she said farflung destinations from the chronic where she would be traveling, that issue would come up as the first, second, or third issue, and it struck me as unlikely, other than europe, that people would be focusing on this far-flung destination, and once we saw wikilea
. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> as president obama visits israel, the israeli embassy in the united states tries its best to convince everyone that they're best buddies. the israeli embassy actually released this very strange little video to try to make that point. >> warmly welcome president obama to israel. express our appreciation for what he has done for us. >> the bonds between the united states and israel are unbreakable. the commitment of the united states to the security of israel is ironclad. ♪ thank you for being a friend, traveled down the road and back again ♪ ♪ your heart is true, you're a pal and thank you for being a friend ♪ [ female announcer ] new york strips. sudden trips. mr. wiggles and curling irons. for the little mishaps you feel, use neosporin
economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and floods come, our doctors and rest was reached out to help. when people are suffering, from africa to asia, we partnered to fight disease and overcome hunger. piecend together because must come to the holy land. for even as we are clear-eyed about the difficulties we never lose sight of the vision of israel at peace with its neighbors. so, as i began this is it let me say as clearly as we can, the united states of america stands with the state of israel because it is in our fundamental national security interests, it makes us both stronger, it makes us both a more prosperous, and it makes the world a better place. that is why -- [applause] the united states it was the very first nation to recognize the state of israel 65 years ago. that is why the star of david and the stars and stripes flying together today. that is why i am confident in declaring that our alliance is forever. thank you very much. [applause] >> [speaking in foreign language) >> bar
to the economy. manufacture something picking up. the housing market is picking up. now, it's a deliberate wedged repeal that. >> 750,000 families without a paycheck. they are not spending money, creating any demand, putting money into the economy. >> it will actually reduce growth about six %. >> the which you choose on twitter, the hash tag is youchoose. >> that's right. >> or go to your website schakowsky.house.gov. >> all right. we will roll them out over time should we have 2100 fewer food inspections or give. they can't get their arms around because of grover norquist. >> on the gun issue, talking about mental health services 373,000 seriously ill, mentally ill children and adults will lose treatment. should we do that or give special tax breaks to hedge fund managers? i mean these are the kinds of choices that we are literally making right now in this country. >> one of the tax breaks is owners of corporate jets. i don't know how much money that is >> absolutely. jets and luxury products and yachts and that kind of thing. really? really? should we gi
tonight's. jon: getting a read on the true u.s. economy. the dow jones has been surging. a 57 points in the mid-14,000. the national debt keeps soaring as well. washington seems unable to find a solution. the unemployment rate stubbornly high. chief correspondent jim angle takes a look. >> enormous amounts of money into the economy, they will be gasping for air. listen to this. >> it was crucial in the crisis and the fed is very powerful at stopping the fall. but it's not good at pushing one investors who don't really want employers who don't want to hire. it has been pretty unsuccessful. >> some know that some small signs of recovery in the housing market have occurred. even with the creation of 236,000 jobs in february, job growth has lagged and is still dismal. >> is the worst business cycle that we have had since the end of world war ii in terms of job creation. we haven't even gotten back to where we were at the peak of the previous business cycle. reporter: the unemployment rate remains high. administration officials predict it would be about 5%. including all of those who took
the american academy of pediatrics. stay with us. (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> welcome back to "starting point." no plea deal for major nidal hasan, charged with killing 13 people at the ft. hood military base. he was willing to plead guilty under certain conditions, but the court-martial judge rejected those. >>> the american academy of pediatrics is coming out in support of same-sex marriage. the academy announced its support in a ten-page report. it studied scientific literature from the past four years and found that children's well-being is affected much more by the strength of family relationships than by the parents' sexual orientation. >>> nbc says it is building a new studio in new york
to a healthy, productive economy that will also help grow our way out of the situation. >> congresswoman, one thing, we have house speaker john boehner and the republican senator rand paul. they have differing views on whether we're truly in a debt crisis at this moment or not. take a listen. >> we do not have an immediate debt crisis. but we all know that we have one looming. >> we do have an immediate problem. it's gathering storm. it's going to be enormous. >> all right. gathering storm. it's going to be enormous. how come there is such a disparity among republicans not being on the same page of whether we're in a debt crisis or not? >> well, i think you could look at $16 trillion worth of debt and while it may not be a crisis today, it is definitely a problem and rand paul is right. it is looming and it is going to be an enormous deal because if you stayed with the president's budget, the path that it puts you on is by 2022 you're going to have $25 trillion worth of debt. and what we are saying and what speaker boehner is saying is we still have time to manage through this so that it does
to intervene in an election and it doesn't work. he has unfounded economies about commitment to israel given what his public statements are. president bush, last president bush didn't visit israel until the end of his second term. president reagan never visited. apparently republicans think that still isn't sufficient. the very fact that this president gave a speech to the arab and muslim world early in his presidency is enough of a question mark. and netanyahu has to get beyond that. obviously the president in dealing with all the various challenges has to get through this as well. they are both bigger politicians and bigger international players than this particular spat. >> the day after the election, in the "the new york times," it said this about what netanyahu had done in the campaign. what took place this time was a breaking of all the rules. when our prime minister intervened in the u.s. elections in the name of an american billionaire with a clear interest in the vote, the very same billionaire who used israel's prime minister to advance a nominee of his own for president, billionai
guys have to come up with $7 billion. and the way the cyprus economy is structured, it's almost all banks. huge banks relative to the size of the economy. and so the solution they came up with was taxing deposits in banks. that has turned out to be incredibly controversial. last night the parliament here voted it down even though there had been intense negotiations for weeks about it. now today, it's about plan "b" and it's not clear whether there will be a plan "b." the banks are closed, only get money out of atms, the financial system here on the verge of collapse. and if things don't get resolved quickly, this could be the first country that leaves the euro, chris. >> obviously, investors around the world are watching this really closely. what about here in the u.s.? what kind of repercussions might we feel here? >> well, the biggest repercussion that we saw is when they decided they were going to tax the deposits in banks, just like we have in the united states where we know that if one of our banks fails, we are protected up to a certain amount, 250,000, they have that law in e
't want the economy to slow down. it is a huge burden on consumers and businesses. we have the battle. lou: part of the fundamentals is a little place called cyprus related to another little place called greece, related to somethg much bigger. the eurozone -- these people have made a horrible misjudgment. the european central bank and the international monetary fund. is it recoverable? >> well, they have their back against the wall. they don't have printing press like we do. e germans don't like the russians and all of this stuff. so you have to see that the federal reserve by pushing short and long-term rates, two to three percentage points, we have basically confiscated this in the last for five years. we just did in a less obvious way. >> a less obvious way. what is pretty obvious now is you have this with the bond market they are sitting her taking every element. predicting the end of the world. atome point, i am not ready for the end of the financial world as we know it. are you? >> we have had bubble bursts since the late '90s. i used to say that the baby boomers will drive the marke
's straining their economy here. there's also fear about those chemical weapons in syria, will those come across the borderer and cause more violence and chaos? when i sat down yesterday with the israeli president, shimon peres, he said king abdullah and other leaders in the arab world need to step up here to stop the violence in syria. take a listen. >> it's an arab problem, it's an arab organization and league. they have to do what the africans did in africa, organize their force under the auspices of the united nations and stop the bloodshed. >> reporter: but so far king abdullah has said he opposes any kind of foreign military intervention in syria, so we're till at a stand still in that con felix. we'll be looking -- conflict. we'll be looking for that at the news conference and, let's not forget there's pressure on president obama as well not just from republicans back home in the u.s., but also democrats like senator carl levin saying that the president should help set up a no-fly zone around syria, maybe there should be some sort of strategic surgical air strikes against president
are giants in the european economy can affect the risk appetite globally and that is very tenuous at high levels. >> steve sedgwick, nice to see you, thank you. >>> less than a week into his tenure at the vatican, pope francis has defined himself as a pontiff to the people and something of a challenge to his security detail. the new pope broke protocol and made an impromptus appearance at the side gate of the vatican where he shook hands and kissed babies. pope francis then gave his first prayer to the virgin mary which focused on mercy and forgiveness and drew cheers by closing his remarks with the italian phrase for "have a good lunch." let us know why you're awake. shoot us an a e-mail or tweet me @thomasaroberts. we'll read the best responses later in the show. >> still ahead, brackets are set, march madness here. i want to break down the teams to watch and surprising names that didn't make the big dance. >>> controversy surrounding the series "the bible." the actor chosen to play the character satan is raising eyebrows. that and a check of weather when we come back. >> the comments w
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. bill: so onward we go, huh? two more weeks of lent. martha: two more weeks of lent as we were discussing. have a great day everybody. "happening now" starts right now. jenna: right now we have brand new stories and breaking news. >> the fbi on the scene of the university of central florida after a suspicious death there. plus explosives were found inside a dorm. we're live with breaking details. >>> the gop's bold new plan for the future. what the party needs to connect with voters it finds. >>> china out with a new warning for the united states about plans to beef up our missile defense system. how this could impact growing tensions with north korea. it's all "happening now.". >>> fox news alert on a campus in chaos. police are investigating a apparent suicide find weapons and explosive devices at the university of central florida. that is how we begin this monday. i'm jon scott. jenna: i'm jenna lee. ucf is canceling classes just hours after evacuating a dor
the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says the issue of gun control is a personal one for her. as you know,
-buying stimulus continues to help the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says
. >> yeah. neil, look. i'm a data guy. we all know the bad numbers out of the economy in the last couple quarters, being run over by some of these media folks -- look no further than the unemployment rate which is a fancy way of saying all the people that are either parttimers that want fulltime, or all the people that have just been so discouraged, they have given up looking for work. the number is over 14%. so while the unmomentum rate is celebrated at a post recession low, we're still about mid-teens for unemployment as a real term. >> neil: let me ask you this. when so many states are seeing for some a sudden uptick in the up employment rate,ings to that trigger or pop up in the national numbers or is there a lag effect? what do you see? >> well, there's certainly a lag effect to some degree because there are different economic factors going on in different states. we talk about this before. all the fracking has poshed then unemployment rates in dakotas, but at it gone up, especially in states next door. but for anybody to sit here and tell you that fundamentals are changing as a who
that it will stay the course, staying the course, of course, means pumping money into the american economy especially concerns about a possible bailout in cyprus flare up. summer won't come soon enough for twinkie lovers. you know who you are. a bankruptcy judge approving hostess' sale to two investment firms and bringing twinkies, ho-hoes and ding dongs back from the dead. the deal said to be worth $410 million. the new owners hope to have twinkies and its snack cake brethren back on your store shelves by summer so you can stop with the locked door in your office and your stash. you'll be able to replenish it soon. and think you can trust labels at the shopping mall? think again. some clothing labeled as being made with fake fur was actually made with real fur. neiman marcus resolve clothing and dr. j.'s dotcom are settling false marketing charges with the federal trade commission. the retailers will not pay any fines but do promise to label all their products correctly going forward or face penalties. imagine if you were going to buy a pair of flats for example, this was a brand-name sli
positive force for the economy. it's due in part to a drop in foreclosures and near record low mortgage rates. a decline in the national unemployment rate is also a factor. >>> and harrison ford is hinting that he could be returning to "star wars." as the legendary hans solo. the 70-year-old actor was asked by cnn's chicago affiliate wgn whether he is reuniting with original castmates for "star wars" episode seven. this is what he said. >> i think it's almost true. i think right now i'm looking forward to it. it's not in the bag yet but i think it's happening. >> almost true is how he puts it. so far lucas films is neither confirming nor denying whether the actors will officially make the return. >> amazing. i'd go see it. >> i would. you could see sort of hans solo, harrison ford through the years and such so it'll be interesting to see what roles they play in this new movie. >> be looking forward to it. thanks, lisa. >>> up next, the new jersey governor chris christie is forced to take sides in a heated debate over banning so-called gay conversion therapy. the pressure on the rising g
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